House prices 'fell 0.9% in June
House prices 'fell 0.9% in June according to the latest report from Nationwide, one of the largest mortgage lenders in the UK.
The delcine was smaller than the 2.5% fall seen in May, but prices are now 6.3% lower that a year ago.
According to Nationwide's figures, the average is house is worth £13,629 less than last year, with the average now worth £172,415.
Nationwide said the lack of activity in the housing market was key to prices, but its analysis suggested it was movers, rather than first-time buyers who were staying put.
The low transaction levels meant the trend with prices would continue, according to Nationwide's chief economist Fionnuala Earley.
"It seems unlikely that there will be any rapid turnaround in housing market fortunes in the coming months," she said.
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